Vitalik Buterin Registers dacc.eth Domain, Signaling Potential Funding Effort for d/acc-Aligned Projects

Amid significant computing advancements in recent years, technology has become increasingly intertwined with human life, impacting things like work

Amidst the relentless march of technological advancement, its profound impact on human society has become undeniable. From the way we work and socialize to the decisions we make, technology now plays an integral role in shaping our lives. However, as our reliance on these powerful tools deepens, so too do concerns over their potential risks.

Among those who have sounded the alarm in recent times is Ethereum co-founder Vitalik Buterin, who, back in November 2023, introduced a concept known as d/acc. Short for defensive, decentralized or differential acceleration, the concept essentially calls for a more measured approach to innovation, particularly in the realm of AI. Now, fast forward to August 2024, and the Ethereum co-founder appears to be taking a step to champion efforts that align with the d/acc concept.

A recent move by Ethereum co-founder Vitalik Buterin has hinted at a potential funding effort for d/acc-aligned projects. On Sunday, August 18, Vitalik registered an Ethereum Name Service (ENS) domain named dacc.eth.

One possible reason for the domain name registration could be the creation of a channel for Vitalik and like-minded individuals to transparently support the funding of d/acc-aligned projects. This is because ENS domains are linked to Ethereum wallet addresses. At the time of writing, however, the dacc.eth still holds the address of the Ethereum founder.

The ENS name registration comes as the Ethereum co-founder is set to discuss the d/acc concept in an X Space event on Thursday, August 22, alongside Vincent Weisser, founder of decentralized AI project Prime Intellect, and Skylar Weaver, Devcon Lead at the Ethereum Foundation.

To refresh your memory, Vitalik's d/acc philosophy centers on accelerating the development of technologies that promise mass societal benefits while simultaneously taking a cautious approach to those that pose significant risks. The philosophy attempts to find a middle ground between unchecked innovation and a total clampdown.

The Ethereum co-founder has posited that this d/acc philosophy is particularly important in AI, a sector that has seen rapid advancements in recent years led by firms like OpenAI. Here, he calls for society to take active steps to avoid concentrating more power in the hands of a few corporations by championing decentralization, transparency and user empowerment. At the same time, he has kicked against the race to develop Superintelligent AI calling it “risky.”

On the Flipside

The rapid growth of AI technology over the past year has sparked both excitement and fear among observers as the technology promises to play a big part in human evolution in the near future.

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